Some of the leading companies in the financial industry, including Societe Generale and the London Stock Exchange, have partnered to study the potential use cases of the blockchain technology.
A group of financial companies have partnered to establish a body that will investigate the potential applications of the blockchain in the payments industry.
Called ‘Post Trade Distributed Ledger Working Group’, the team unites banks, trading service providers and exchanges, including the London Stock Exchange, Euroclear, CME group, Societe Generale, Swiss bank UBS and clearing house LCH.Clearnet.
Given our long experience in post-trade, our group has significant technical expertise to bring to the discussion,” a spokesperson from the London Stock Exchange said.
Nowadays, more banks and financial institutions start to explore the blockchain and its potential use cases.